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Fly News Breaks for July 26, 2018
WIX
Jul 26, 2018 | 08:46 EDT
SunTrust analyst Naved Khan raised his price target on Wix.com to $120 and kept his Buy rating after a beat and raise quarter that also showed strength in conversions, retention, and subscription growth operating metrics. The analyst is also positive on the company's penchant for innovation, potential for improvement in conversions/ARPU, as well as the promising launch of Wix Code.
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